Claiborne Benson Smith Sells 5,202 Shares of Arq, Inc. (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ - Get Free Report) insider Claiborne Benson Smith sold 5,202 shares of ARQ stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $24,345.36. Following the sale, the insider now owns 85,029 shares of the company's stock, valued at $397,935.72. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ARQ Stock Down 3.5 %

Shares of NASDAQ:ARQ traded down $0.15 during trading hours on Friday, hitting $4.18. The company's stock had a trading volume of 291,096 shares, compared to its average volume of 265,553. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The firm's fifty day moving average price is $5.50 and its 200 day moving average price is $6.15. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26. The company has a market capitalization of $175.62 million, a price-to-earnings ratio of -418.00 and a beta of 1.47.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. During the same period last year, the business posted $0.14 EPS. As a group, research analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on shares of ARQ from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Firsthand Capital Management Inc. acquired a new stake in ARQ during the 3rd quarter valued at approximately $40,000. Avanza Fonder AB acquired a new position in ARQ during the fourth quarter valued at $68,000. Price T Rowe Associates Inc. MD purchased a new stake in ARQ in the fourth quarter valued at $79,000. Intech Investment Management LLC acquired a new stake in ARQ during the 4th quarter worth about $89,000. Finally, SG Americas Securities LLC acquired a new stake in ARQ during the 4th quarter worth about $95,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.